GMI: 3; GMI-R: 5; mainly in cash -- MrSwing

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GMI: 3; GMI-R: 5; mainly in cash
Aug 20, 2008

Dr. Wish

Wishing Wealth
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The GMI fell to 3 (of 6) and the GMI-R to 5 (of 10). There were 11 new highs and 146 new lows in my universe of 4,000 stocks on Tuesday. With many failed break-outs, and more new lows than highs, this market looks treacherous on the long side. Better to be in cash or a little short.

by Dr. Wish (Wishing Wealth)